| Schedule of Error Corrections and Prior Period Adjustments |
The effects of this revision on the applicable line items within the condensed consolidated financial statements were as follows:
| | | | | | | | | | | | | | | | | | | | Condensed Consolidated Balance Sheet Line Items Impacted | June 30, 2024 - As Filed | | Adjustments | | June 30, 2024 - As Revised | | Additional paid-in capital | $ | 22,341,598 | | | $ | (3,670,000) | | | $ | 18,671,598 | | | | Accumulated deficit | $ | (28,503,111) | | | $ | 3,670,000 | | | $ | (24,833,111) | | |
| | | | | | | | | | | | | | | | | | | | Other Condensed Consolidated Financial Statement Line Items | Six Months Ended June 30, 2024 - As Filed | | Adjustments | | Six Months Ended June 30, 2024 - As Revised | | | | | | | | | Condensed Consolidated Statement of Operations and Comprehensive Loss | | | | | | | | Change in fair value of earnout liability | $ | (750,000) | | | $ | 3,670,000 | | | $ | 2,920,000 | | | | Net loss and comprehensive loss attributable to QT Imaging Holdings, Inc. | $ | (5,547,464) | | | $ | 3,670,000 | | | $ | (1,877,464) | | | | Net loss and comprehensive loss attributable to common stockholders | $ | (10,732,966) | | | $ | 3,670,000 | | | $ | (7,062,966) | | | | Net loss per share - basic and diluted | $ | (0.62) | | | $ | 0.21 | | | $ | (0.41) | | | | | | | | | | Condensed Consolidated Statement of Cash Flows | | | | | | | | Net loss | $ | (5,547,464) | | | $ | 3,670,000 | | | $ | (1,877,464) | | | | Change in fair value of earnout liability | $ | 750,000 | | | $ | (3,670,000) | | | $ | (2,920,000) | | |
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